One senior executive after another has in recent years left the Maersk Group's port operator APM Terminals, which was one considered the Danish conglomerate's perhaps most promising business unit during its global expansion through a massive investment program targeting infrastructure and concession arrangements with governments to operate their ports, typically on 30-year contracts.
A small team of Maersk executives built up the terminal operator, starting in 2001 on the initiative of late shipowner Mærsk Mc-Kinney Møller. The port company's independence and distance to Maersk was crucial and since then further cemented when APM Terminals' headquarters were relocated from Copenhagen, Denmark to the Hague i the Netherlands in 2004.
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